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Complete the following sentence: Whereas the Financial Accounting Standards Board establishes GAAP for U.S. companies, the Answer 1 Question 23 International Accounting Standards Board establishes

Complete the following sentence: "Whereas the Financial Accounting Standards Board establishes GAAP for U.S. companies, the Answer 1 Question 23 International Accounting Standards Board establishes IFRS for many countries outside of the U.S

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